An XRP community pundit has identified factors that could boost XRP’s price before legal clarity arrives in the U.S.

Notably, the XRP community is preparing for what could be an important month as several issuers seek to launch spot XRP exchange-traded funds (ETFs). Firms such as Canary Capital, Franklin Templeton, and Bitwise have all updated their S-1 filings, aiming to go live this November.

The build-up has led to speculation around how the XRP price could react. Amid the anticipation, market commentator the5blairs recently asked XRP holders to stay alert this month, claiming that prices could spike once the ETFs roll out. 

The bill draws from several important proposals, including the House-passed CLARITY Act and the Senate’s ongoing Responsible Financial Innovation Act (RFIA). Together, they plan to clarify which digital assets fall under securities or commodities law.

There has been some observable progress over the past few weeks. In October, top crypto executives met with senators to address stalled negotiations. Senate Banking Chair Tim Scott has pushed to move the bill forward before Thanksgiving, while Democrats called for more bipartisan input. 

Meanwhile, the Senate Agriculture Committee has introduced a new draft that states the CFTC’s role in crypto oversight. Importantly, the move has brought lawmakers closer to merging the House and Senate versions.

At the moment, the CLARITY Act has already cleared the House and now awaits Senate approval. Senators are working to merge different drafts of the RFIA and DeFi-related bills, though differences among lawmakers could delay final passage. 

While market commentators believe the bill could contribute to a market uptrend, the5blairs argues that XRP ETFs may already push XRP price forward before Congress passes the legislation.

Notably, back in August, Canary Capital CEO Steven McClurg predicted that these ETFs could attract about $5 billion in inflows during their first month, outpacing Ethereum ETFs. However, last month, he raised that target to $10 billion, saying his earlier projection had been too conservative.

Building on this, the5blairs said that if XRP ETFs attract between $5 billion and $10 billion in new capital, XRP could climb quickly toward the $10 to $20 range. He expects a brief pause near $10 as traders take profits before prices settle around $15 to $20, where they could stay until the U.S. finalizes crypto regulations.

Meanwhile, he also admitted he’s still unsure how the upcoming Reverse Carry Trade (RCT) unwind could impact XRP, noting that Jake Claver could address that better. Notably, Claver, who is CEO of Digital Ascension Group, has persistently discussed this phenomenon, arguing that XRP could benefit.

In September, he predicted that a rise in oil prices would push Japan to raise interest rates, triggering a large-scale unwinding of the RCT. He believes XRP could serve as a hedge in that kind of market reset.

One more time for the people in the back..

A spike in Oil is coming.
THAT will be the trigger that causes Japan to hike rates and the Reverse Carry Trade to finally unwind at scale.

XRP is the ultimate hedge for the RTC imo

— Jake Claver, QFOP (@beyond_broke) September 19, 2025

Speaking further, the5blairs added that if major global institutions, including the Bank for International Settlements (BIS), International Monetary Fund (IMF), Depository Trust & Clearing Corporation (DTCC), global FX networks, the FedNow system, and central banks,  adopt XRP at scale, the XRP price could reach long-term valuations in the high four- to low five-digit range.